Projects

White Dam Gold Project

The White Dam Gold Project is located 50km west of Broken Hill in the Curnamona Province of South Australia and encompasses over 877km2 of mining lease and exploration tenure.

The Project location provides access to established local mining services and workforce and has existing infrastructure which includes a gold-copper processing plant and on-site camp facilities for the crew and operational site team in place.

Aerial view of White Dam Gold Project
White Dam Gold Project location map with existing tenements
White Dam Gold Project location map with existing tenements

Operational from 2010 to 2018, White Dam produced ~180,000oz of gold from heap leaching 7.5Mt of ore at 0.94 g/t Au. Production was from two pits, Hannaford and Vertigo, with the Icebreaker resource remaining unmined to date.

Aerial view of White Dam gold operations site
Aerial view of White Dam gold operations site with photos of existing operating infrastructure and heap leach pad

In addition to the remaining gold in the heap, White Dam has an existing JORC (2012) Mineral Resource Estimate of 4.6Mt @ 0.7 g/t Au for ~102Koz. The breakdown of JORC Resource categories is shown in the MRE table below.

Area Resource category Quantity (tonnes) Grade Au (g/t) Contained (ounces)
TOTAL Measured 0 0 0
Indicated 1,200,000 0.7 28,600
Inferred 3,400,000 0.7 73,500
Total 4,600,000 0.7 101,900
Hannaford Measured 0 0 0
Indicated 700,000 0.7 16,400
Inferred 1,000,000 0.8 26,900
Total 1,700,000 0.8 43,300
Vertigo Measured 0 0 0
Indicated 300,000 1 9,400
Inferred 1,400,000 0.6 29,000
Total 1,700,000 0.7 38,300
Icebreaker Measured 0 0 0
Indicated 200,000 0.5 2,800
Inferred 1,000,000 0.6 17,600
Total 1,200,000 0.5 20,300

Capital expenditure estimated to be approximately $AUD 800k is required to be implemented in general maintenance, and upgrades to the power generation systems at site. The plant remains in good working order and will be upgraded in a staged process as the company moves towards a full restart of mining and treatment operations.

Four step phased approach to increased production and cash flow-derisking

Phase 1

Existing Heap

Re-crush last lift of existing pad

Au remaining in heap, full evaluation of available resources to be carried out

Evaluate other options to increase production

Rehandle top lift, Glycine, remine and crush a fraction of top lift

Phase 2

Existing JORC 2012 resources (4.6 Mt @ 0.7 g/t Au)

102 Koz Au, resource upgrade following 2021 drilling

Pit optimisations recently completed at $AUD5000 to ascertain project viability

HL production is lower cost

Phase 3

Near Mine Resource Targets

Mary Mine drill planning

Other near mine anomalous soil targets

Phase 4

Regional Projects – Third Parties

Secured rights to Havilah’s Green and Gold, and

Wilkins Au/Cu oxide mineralisation near White Dam

Hub and spoke opportunities as only operating Au plant in region